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A quantitively-driven strategy emphasizing low beta stocks. Stocks are first screened to remove those that score poorly on financial and growth measures. Those stocks that remain are then ranked according to their beta. In 1972, Fischer Black published an academic paper describing how the security market line (the line equating stock performance to systematic risk) was too flat relative to what existing theory (Capital Asset Pricing Model, or CAPM) had proposed. Stocks with low betas performed better than what was predicted by the CAPM and stocks with high betas did not perform well enough to justify their additional risks.
Etc 6 Meridian Low Beta Equity Strategy ETF trades on the ARCA stock market under the symbol SIXL.
As of February 6, 2026, SIXL stock price climbed to $38.69 with 5,664 million shares trading.
SIXL has a market cap of $193.44 million. This is considered a Micro Cap stock.
In the last 3 years, SIXL traded as high as $39.47 and as low as $29.67.
SIXL has underperformed the market in the last year with a return of +4.3%, while SPY returned +15.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SIXL shares. However, SIXL has outperformed the market in the last 3 month and 2 week periods, returning +8.2% and +2.7%, while SPY returned +3.3% and +0.2%, respectively. This indicates SIXL has been having a stronger performance recently.
SIXL support price is $38.16 and resistance is $38.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SIXL shares will trade within this expected range on the day.
